There is a great variety of cryptocurrencies in which you can invest in the market. Because of this, it would not be something unusual for you to feel overwhelmed when looking for the right investment for you right now. You have to be well informed to decide how to invest and get the best return on investment.
Our blog can help you in this hour. We review a great variety of cryptocurrencies and investment companies here so we can help our readers to make the best possible choices. Today we are going to review BitLendCoin.
What Is BitLendCoin BTL?
BitLendCoin is a new cryptocurrency company which has been drawing our attention in the market right now. The company will be releasing its BTL tokens soon and has an Initial Coin Offering (ICO) prepared for that.
Basically, the idea of the company is to create a cryptocurrency which will work in a similar manner to Bitcoin but will be used mainly for lending, staking and trading. This means that bit Lend Coin will be a cryptocurrency that you will use mainly for making investments and obtaining money.
The company states that you can use the lending program of the company to receive daily interest rates of up to 58% in a single month; use the affiliate program to make people buy BTL tokens and profit from that or use the staking program and receive interest rates from owning coins.
You will also be able to mine BitLendCoin BTL and get coins from helping in the mining process.
How Does BitLendCoin BTL Work?
BitLendCoin BTL is a decentralized cryptocurrency which works using a P2P system. The main idea of the company is to eliminate the middlemen and create a cryptocurrency that will work on its own.
The coin protocol limits the creation of only 21 million tokens, so the price of the tokens will go up because of the demand and this will make the coins more valuable via a deflation system. To use this cryptocurrency you will have to download the digital wallet and participate in the ICO.
How To Invest In BitLendCoin BTL?
To invest in Bit Lend Coin you will have to buy its BitLendCoin BTL tokens. You can do that by participating in the Initial Coin Offering (ICO). The ICO will last during January, so you can buy the BTL tokens until the end of the month if you are interested in investing in this company.
Unfortunately, the company did not release much information about the token, so you will have to register first before you know how much you will have to pay for the token right now.
There is daily cap limit for tokens sold. The limit is of 300,000 BTL tokens per day. You can also participate in the referral program, which you will enable you to earn tokens by referring people to buy BTL tokens from this company.
The BitLendCoin BTL Conclusion
Is this cryptocurrency a good investment for you? It surely can be but it is far from one of the best investments that you can make right now. Bit Lend Coin is somewhat generic and does not offer anything very new or interesting for you.
On the other hand, the company also looks legit and alright, so it can be a good idea to invest in this company and you would not be making a bad investment by doing that.
Because of this, you should invest in this company if you are interested. You will probably receive a fair return on investment by doing that. If you are looking for better investments, you can always our blog to be completely sure that you are investing well.